Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 08, 2011 |
signed chap.66 |
May 27, 2011 |
delivered to governor |
May 23, 2011 |
returned to senate passed assembly home rule request ordered to third reading cal.374 substituted for a2429 |
May 23, 2011 |
substituted by s2982 |
May 19, 2011 |
advanced to third reading cal.374 |
May 17, 2011 |
reported |
Mar 08, 2011 |
reported referred to ways and means |
Jan 18, 2011 |
referred to cities |
Assembly Bill A2429
Signed By Governor2011-2012 Legislative Session
Sponsored By
PRETLOW
Archive: Last Bill Status Via S2982 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Mike Spano
2011-A2429 (ACTIVE) - Details
2011-A2429 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2429 2011-2012 Regular Sessions I N A S S E M B L Y January 18, 2011 ___________ Introduced by M. of A. PRETLOW, SPANO -- read once and referred to the Committee on Cities AN ACT to amend the local finance law, in relation to bonds and notes of the city of Yonkers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 54.40 of the local finance law, as amended by chap- ter 125 of the laws of 2010, is amended to read as follows: S 54.40 Bonds and notes of the city of Yonkers. Subject to the provisions of the New York state financial emergency act of nineteen hundred eighty-four for the city of Yonkers, to facilitate the marketing of any issue of serial bonds or notes of the city of Yonkers issued on or before June thirtieth, two thousand [eleven] TWELVE, such city may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: (a) arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value of, and the accrued interest on, such obligations; or (b) arrange for the private sale of its bonds or notes through negotiated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this article. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03303-01-1
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